Hotel AG Closes 11 Hotel Transactions in the Past Eight Weeks
ATLANTA – January 10, 2011 – Hotel Assets Group, LLC (Hotel AG), announced today that the firm closed 11 separate hotel transactions over the past eight weeks. The hotels included upscale, select service, mid market select service, full service and foreclosed assets located along the eastern seaboard, South Central and the Southeast US. The 11 transactions consist of three well-located Hilton select service hotels that sold to two separate REITs, two independent hotels, three bank foreclosures for Wells Fargo, two foreclosed hotels for US Bank and one foreclosure for Midland Loan Services.
"These 11 transactions continue to signal a strong rebound to the US hotel transaction market,'' said H. Keith Thompson, principal of Hotel AG.
About Hotel AG
Headquartered in Atlanta, Georgia with 16 national offices, Hotel AG is a specialized brokerage firm offering hotel-specific real estate and investment banking within the United States. The company conducts business with REITs, public and private companies, institutional clients and individual owner operators. Today Hotel AG has 137 hotels on the market in 33 states valued at 1.2 billion. published: 01-10-2011